Tikehau CLO XII DAC: 18 August 2024

The assets securing the Notes will consist of a portfolio of Senior Secured Loans, Senior Secured Bonds, Second Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by Tikehau Capital Europe Limited.

Eligibility criteria (includes): it is a Senior Secured Loan, Senior Secured Bond, an Senior Unsecured Obligation, a Corporate Rescue Loan, a Mezzanine Obligation, a Second Lien Loan or a High Yield Bond or a Bridge Loan; it is not a Defaulted Obligation or a Credit Impaired Obligation; it is not a lease; it is not a Structured Finance Security, pre-funded letter of credit or a Synthetic Security; it is not a Zero Coupon Obligation or Step-Down Coupon Security; other than in the case of Corporate Rescue Loans, it has an S&P Rating of not lower than "CCC- " and a Fitch Rating of not lower than "CCC-"; is an obligation of an Obligor or Obligors Domiciled in a Non-Emerging Market Country (as determined by the Collateral Manager acting on behalf of the Issuer); it is not a Project Finance Loan; it has a minimum purchase price not less than 60.0% of the Principal Balance.

The Issuer anticipates that, by the Issue Date, it (or the Collateral Manager on its behalf) will have purchased or committed to purchase Collateral Debt Obligations the Aggregate Principal Balance of which is equal to at least €380mln, which is approximately 95.0% of the Target Par Amount.

The Notes are being offered by the Issuer through Jefferies International Limited in its capacity as Initial Purchaser of the Notes subject to prior sale.


EU & UK Risk Retention: Tikehau Capital Europe Limited shall act as Retention Holder for the purposes of the EU/UK Retention and Transparency Requirements, and will subscribe for (at the initial issuance and each subsequent date of additional issuance of Notes) and retain, on its own account, a material net economic interest in the first loss tranche of not less than 5% of the securitised exposures by subscribing for and holding, on an ongoing basis and for so long as any Notes are outstanding, Subordinated Notes with a Principal Amount Outstanding equal to not less than 5% of the Aggregate Collateral Balance.

US Risk Retention: The Collateral Manager has informed the Issuer that the US Risk Retention Rules are not expected to apply to the transactions contemplated, and it (or any of its Affiliates) will not be required to retain the Minimum Risk Retention Requirement pursuant to the US Risk Retention Rules.